EAST TROY, Wis. - Erik Buell Racing has received $20 million in foreign investments, reports BizTimes Milwaukee. The funding will allow the upstart OEM to expand its motorcycle production and create about 200 jobs.
The $20 million in EB-5 investment funding comes from investment fund manager FirstPathway Partners LLC, the site reports. With the influx of funding, EBR will be able to design and produce additional models of sportbikes and expand its international exports.
“EBR motorcycles are made in America and in great demand worldwide," said Bob Kraft, chairman, CEO and founding partner of FirstPathway Partners. "This investment will create good manufacturing and engineering jobs in Wisconsin for skilled American workers and greatly strengthen a local company’s position in the global marketplace.”
Posted by Dennis Johnson